Brown Development (previously known as Aldon Management) Becoming More Active With New CEO, 1,100-Unit Redevelopment

A Bethesda family real estate company, which was founded just after World War II and has spent decades collecting rent and maintaining a series of 1950s-era apartment buildings, is trying to move into the spotlight after nearly 80 years in the background.

Brown Development, previously known as Aldon Management, in recent years formed a new board and hired a new CEO as it began to chart a redevelopment strategy that would keep the business going for decades to come.

Todd Bowen, previously a senior vice president at Kettler, came on as CEO of Brown Development in July 2018. Last month, the company received preliminary approval on its 1,130-unit redevelopment of a series of properties it owns on Battery Lane in Bethesda.